Ashok Leyland - Trendline - Support - Resistance analysis 1. At multi year low near 60 2. RSI entering over sold
ICICI Bank is the fifth Heavy Weight stock in Nifty 50. A Rising Channel is seen on weekly time frame. Currently price is at a junction of horizontal and trend line support.
Query : View about NCC Answer : Weekly & daily charts confirm the down trend. If price goes below 86, then it will reach the next support at 81, 76 & 68. Note : Post written as a reply for the query from a regular follower.
Price moves because of the war between the bulls & bears. Direction is decided by who takes the control. Generally whenever price is nearing support or resistance, the intensity of the war between bulls and bears increase. Therefore price consolidates. I have marked it in yellow rectangle box and that area is known as "price rotation". Still the bear trend have...
Levels mentioned on the chart. B: 170-180 S: 245-265
Hi All, The stock can give a trendline breakout above 465... it should move straight to 587... SL will be the breaking of trendline. Hope you will benefit out of my analysis. Thanks for reading. Happy investing. Disc: Vested interest and biased views
trendline 4 entry only after trend reversal
can consider shorting near 757 levels for 745,sl-762
CURRENTLY AT GOOD STAGE TO KEEP IT IN WATCH LIST.
This is for Study and Educational Purpose and for my individual learning. BPCL was in down trend. The trend has now chaged Its been moving up for quite sometime and broken the downward trendlines.
Stock has been following the green line but the bull market seems to have topped at 650 - 680 band. A strong closing above the Red line may take the stock to 840 980 levels. A consecutive weekly closing below the green line may trigger a huge correction which is not very far off. Will the stock respect the trend this time? Only time will tell...until then lets...
NSE:BAJFINANCE is near strong resistance. Trendline resistance, Monthly Pivot R1, Highest Call OI at 2800 and dark cloud cover candlestick pattern
Gap up is possible couple of trading session keep holding.